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Detailed text transcripts for TV channel - CNN - 20110218:14:23:00

in washington, house republicans are vowing to make deep cuts to the federal budget. the showdown with democrats could lead to a potential government shutout march 4th when stop-gap funding measures run out. when we say we re going to cut spending, read my lips. we are going to cut spending. republicans have vowed to cut $60 billion from the fiscal 2011 budget. yesterday, lawmakers voted to cut $20 million from the national endowment for the arts and retain $290 million cut aimed at heating subsidies for poor households. they never want you to accuse them of sleeping on the job but a small number have taken sleeping at the office to a different level. critics say they are taking

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